Bitcoin Forum

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

In market, it always have sellers who dump their bitcoins and oppositely there are buyers who load more bitcoins into their accounts or wallets. Do you mean dumping as selling? There are selling activities in the market, bull or bear.

Two sentences are conflicting with each other. First you advice to buy. Second, you say reduce buying and stay watching.

Catching Satoshi Nakamoto won't stop the Bitcoin network that is decentralized in nodes and mining hashrate.

Above $25,000 is a dumping ground? ???

Zoom out of the charts a little and realize that this is a perfectly normal dip in the market cycle, does not have anything to do with conspiracy theories.

My advice; buy while the prices are low.

- Jay -

What did you do when btc rallied from $16000 to over $300,000, I see during that time many people including me made profits with bitcoin and the market. Recent issues have caused prices to drop and many people have panic and fear of harm, which is understandable because this market is always so volatile, depending on the level of research as well as investment strategy of each person that we will be able to achieve or fail next.

I'm not sure if things will cool down any time soon or will continue to stay quiet, but in the long term I see the positives or the negatives in this market as a way to fit in with the company price manipulation by influencers to suit the general economic situation.

Dear op, please don't allow negativity to cloud your judgement. Bitcoin started the year at 15k price mark and pushed through to 30k, it later retraced to 25k, and you're saying Bitcoin has not registered any meaningful progress this year?

At this point it's really hard to tell what the bottom is, it might go down further and it might not go down, but we are just less than a year to the next bitcoin halving and there will always be smart buyers maximizing the market condition, filling their bags and waiting for the next bull run. Bitcoin Whales Accumulating Nearly $26,000,000 in BTC per Day Amid Falling Prices (https://www.coinfi.com/news/1417536/bitcoin-whales-accumulating-nearly-26000000-in-btc-per-day-amid-falling-prices-analytics-firm-santiment).

Have you been reading the media lately? Satoshi has not been caught and the current deep in Bitcoin price could be due to American SEC's saga with Binance and Coinbase

There is no connection in the absence of a bitcoin price increase this year and a bitcoin price dump. Crypto market always works like this - some people buy and others sell. Now there are more people willing to sell, which is why the price has fallen. The reasons for such actions can be completely different in people. Recently, this was related to SEC's allegations against the binance. In the same way, events and news in crypto industries can push people to buy and subsequently increase the rate. Markets always fluctuate up and down.

But my strategy is different. Despite all the emerging negative information background, it is more productive to accumulate btc, which will be rewarded in the long run. It is best to ignore the current short-term fluctuations and focus on the future.

You are exaggerating the bitcoin's dump this year. It's not as significant as it used to be.

There are two sides to a trade. One who sells and the other one who buys. Bitcoin always goes through such bull and bear cycle. I would rather say that bitcoin is more stable than many other cryptos in this market.

Also when the price is low, that's the best time to buy bitcoin. So when you see the market in red, enter there and buy in small quantities. That's how you average out your buying price. If you are re-thinking your buying strategy, think on these lines.

Both are good options depending on how the downtrend is affecting your mindset, because the latter is something you need to keep sane to continue normally in life. If you are hopeful and wish to buy then by all means do so as the price drops. If you are feeling bad about it and want to wait it out, no problem in that as well. For long term traders this is an advantage, they are never in a pressure to trade rapidly.

Satoshi has no control over bitcoin, the price depends on buy/sell demand in the market. Please get your basics straight here.

You definitely have to do some more research, before you post something this random.  ;D  The SEC in the USA are going after the biggest Crypto Exchange on this planet.... so it is all over the news.

There are also a lot of political talk about the tightening of regulations towards Bitcoin and Crypto currencies, so that scares potential investors in this technology. We saw what New York did, back in the day with the introduction of the "BitLicense" ...and people think the same thing might happen with the USA.  >:( ::) ::) ::) 

I hope you're hypothesizing Satoshi's kidnapping just as a joke because I find it very useless as an expression but above all it wouldn't make any sense on Bitcoin's performance as Satoshi himself couldn't influence it.

Why does bitcoin becomes a "dumping ground," as soon as the price starts to drop a little. Why do people keep on thinking it is "dying" this year? Yes, it's true that Bitcoin has had some rough time the last few days, but this is something very normal. You would know if you were in the market for a long term. Zoom out the charts and you will see that it has actually been a good year for bitcoin despite seeing lots of unfortunate events! Remember, Bitcoin is volatile and it will go up and down, and react to different events in different ways. It's not always a smooth ride upwards. And no, not even "Satoshi" can stop the price of bitcoin from growing.

I strongly suggest you take a look at the charts sometimes!
This year price started around $15k and reached $31k which is more than a 100% increase and even after the drop price is still higher than the price we started the year with (ie at $25k which is $10k above it).

What's your reason for saying this? Just because price is not increasing 100% every month?!

Now I'm wondering whether you are trolling :D

And that's why it's the best year for Bitcoin accumulation, if the Black Rock ETF thing doesn't change your mind about why you should keep buying then you are just as stupid as the majority of crypto investors out there, thing are happening right before our eye and some people are sleeping on it, the whole SEC drama and Sam FTX scandal are now making sense to me, the while drama looks intentional agenda all along.

Buy the freaking fear, it's the only way to be ahead of those waiting for the first pump before they jump into the wagon, people like jumping in while the price is already at the medium to peak, are you going to be one of such people again when this whole drama have happened before? That's your call.

That's not true, people are dumping exchanges to get their personal wallet and store their bitcoin in them because of the recent news on on possible crack down on exchanges due to government regulations especially in US, this is not the first time bitcoin price will be going dip and still bounce back high, we have attained close to $30,000 this year and there's more positive indications we are getting off the resistant soon and we could get as close as to $68000 of all time high right before the halving takes places.


It is clear here that you are among those that fall under the fear of missing out, if someone is interested to buy, now is the perfect time because we are getting more closer to the bitcoin bullrun and we are still on the bear season, hodl enough as possible this time so you can partake in the bullrun experience, you may also try to be buying gradually and hodl using DCA method.

When the Bitcoin price was under $17k and now trading at $25k isn't that an upgrade?

I don't think it's a year of disposal because the current Bitcoin price is still in a normal situation in the market cycle.
People who dump Bitcoin when the price struggles to increase have no deep knowledge of Bitcoin future.
I don't think anyone wants to do that at a time like this with Bitcoin even though you say because they threw it away because all the time it hasn't posted any gains.

Just be patient for some time because the total supply has reached 19,403,675 of the maximum supply.

I don't understand people. When things get cheaper, usually people buy more of it. But if Bitcoin's price fall, we should do opposite and stop buying it?
If you cannot see the dip, nobody can help. Let fear and greed be your friend and not your enemy.

No one expected that Bitcoin would rise during this year, even the current levels are considered high starting from the beginning of the year so that if we think that we were at the levels of 15K several months ago, the price of 25K is attractive or high, especially if it is compared with stock prices and most investment sectors.

Returning to what I said above, the price currently seems good for those who want to build a long-term investment center, and it is a suitable selling price for those who invested a year ago from now and do not wish to wait for two or three years.
This advice would be terrible if we go back to this thread two years later.

Even Satoshi cant control the price action of bitcoin. Are you telling us to be cautious of potential price drop? Well thanks for that, but some prefer to dca or even bag more when some are panicking. Sadly, this is available only to people with deep pocket who can average their buy out during when its high.

Those who are dumping are people who have weak hands and are in for a quick profit.  Since their plan is busted they decided to dump BTC and look for other items to trade.  This is a normal activitiy in Bitcoin market.  And I would not surprise if Bitcoin rally after this bearish movement since Bitcoin is also known as high volatile commodity.


DCA if we wanted to increase our Bitcoin portfolio is a good strategy now that Bitcoin keeps on tanking and moving sideway with little price fluctuation.  If we enter on a higher price point, then now is the time to average it down.  Holding will do nothing and selling is devastating.  The best course is to buy more while BTC is at a lower price.


What do you mean by this?

OP, you smoke too much, Satoshi's gone, living on a farm somewhere in Australia, kidding aside though your worry is valid but it's not worth mulling over because if you look at it in an optimistic way, you can actually see that the dump in the price is actually a pretty good time/sign to buy bitcoin and accumulate and grow the amount that you currently have, I'm not the only one who thinks these, think about it OP and to every worrywart out there, this is the "should've bought bitcoin when it was low" moment that many people have been talking about.

I doubt if truly they could unveil Satoshi Nakamoto true identity not to talk of arresting him. You should  be aware that Satoshi has long built bitcoin void of his control and decisions. Bitcoin belongs to the people, the people have say over it and not the government.

As for the price decline, I see it as an opportunity to buy more and hold because it is the right time to do so and mind you the year is not over yet for your assumptions to be true. It is still remaining more six months to go so anything can happen. Do not be in a haste to conclude or make pronouncement on what you know nothing about.

It's because people have a lack in faith in Bitcoin enhanced by the cyberpunk nature to it and it's use. Not to mention the number of scams that happened with bitcoin as the mode of transaction,. Thus the habit of holding bitcoin while it drops and buying it when it's performing poorly is lacking among many newbies and financial advisors.

Hence let bitcoin dump, but learn how it works and clear your doubts on Bitcoin as much and not worry about its price.

People worry about some funny things, heh.  You'll find it gets easier if you start to look at Bitcoin in ways beyond what amount of your national currency you can obtain by selling bitcoins.  Instead, try to focus on what it gives you:

Financial sovereignty, where you can embrace total self-determination of your money
Censorship resistance, where no one can block or reverse your transaction (unless you choose to rely on middlemen)
Freedom to transact globally, 24/7, with no Bank Holidays, national borders, or branch closures getting in the way

If you purely see it as a speculative plaything, you're arguably missing the point.

Maybe you can go back to the chart again compare and contrast the price around november/december 2022 and the price of bitcoin from january to march 2023 to see if there wasn't something of a tangible difference in BTC price that had occured this year. There's no dumping of any kind for as we speak there are people that accumulating, taking advantage of the low in view of the bull run at any moment.
If anyone should choose to stay idle now, would it be when the price has skyrocketed that they should buy? For of what significant profit would it be for them waiting to buy when the bull run eventually take place to those that have already bought and HODL at the low?
There would always be a reason for a market price reaction wether high or low price, it's only left for you as an investor to make positive utility of the moment ahead of the future.

Check back and maybe you missed something from the beginning of the year till now for Bitcoin, a lot of people throw it away and instead a lot of people buy it, that's how Bitcoin goes in the market all the time.

Why we have to wait when we can use the opportunity to buy, the correction process will never disappear on Bitcoin's journey and many reasons that make him find a gradual recovery. The case that occurred to Binance made Bitcoin corrected before, but so far Bitcoin has again found recovery and today head for a greener line in the market.

What jokes you are talking about and where you found that Satoshi was captured by the United States. Satoshi has no full control of Bitcoin, the price depends on how the demand and supply. Do you listen or read the news about the SEC that sued the Binance Exchange?

Well, that's just how it is when the time comes to the price in the crypto market is not doing well because of volatility and most veteran traders know about this, it won't really affect them in any way shape, or form because they know that the market will recover in the future based on concrete evidence from its past history. the only thing you need is patience and perseverance when it comes to the crypto market because you often see it like that, especially at this time of the year and once again we are going to some another incredible run next year because of Bitcoin halvings that surely makes the price rise once again.

Why people dumping their Bitcoin now if the price is still cheap? they were lose if they sell it now.

I don't believe about that, people should use this year to accumulate more Bitcoin and then sell during the bull season that might will happen on the next 2 years. However Bitcoin price right now hit $29K, you might miss the train if you not enter it now.

I am not sure why you are so significant about stopping the accumulation on the other hand Bitcoin addresses with > 1 BTC are booming to the ATH. According to the latest analysis and research reports the volatility in the market is at an all-time low still people are traditionally accumulating the market. I do consider that the market didn't perform according to our expectations in gaining value but still, half a year is left and I am expecting September to November a good rally in the market.

Recent developments a crackdown against the bitcoin and the overall crypto market and other economic developments across the world directly affected the market to crash or consolidate. I am still hopeful and on the way to my DCA with Signature and other sources. I have my market plan in which there is enough market crash flexibility so I will prefer to continue with my plan.

Never Stop with small Hudles keep moving on.

-Hamza

Bitcoin's price has been regularly dumping for a while now. Periodically the price of Bitcoin was only going down but suddenly the market started to change again. Bitcoin price has reached 29 thousand dollars in one step from 26 thousand dollars. This price change of Bitcoin happened in a very short period of time. We've seen before that the market doesn't stay in place if the price of Bitcoin changes more quickly than expected. For a long time, the Bitcoin market has been very bearish, but at the moment, the price of Bitcoin has increased very quickly by 3000 dollars.

Uhh, Bitcoin started the year at $16k. It certainly has not been dumping this year. This is a bullish year for Bitcoin. At the moment Bitcoin is up something like 73% for the year, and we're just under half way through the year. Compare that to any other asset in the world.

You are making a joke I think , this is funny. American government has nothing to do with satoshi or even if they do bitcoin is already out of satoshi as a decentralised cryptocurrency. Don't be surprised that the price of bitcoin have not relatively gone up like you expect as it did in 2021. The price of bitcoin have remained stable this year with a little shift here and there but don't expect that rocket flying volatility until the next halving in 2024.

There are a lot of theories from newbies when they see bitcoin doesn't go up or when bitcoin plummets, but this is the craziest one I've ever seen. It's annoying when they enter the market, they don't take the time to learn everything about bitcoin, and they always expect that the price will always go up so they can make a profit without having to do anything. The bitcoin market is not a get-rich-quick market and not everyone who invests in bitcoin makes a profit. I don't have any advice for these types of people, I hope they learn a lesson in the market soon so they can wake up and invest more seriously.

why did you call this year a dumping year for bitcoin? As i can see bitcoin price is still normal and i don't know what's the purpose of this thread. When bitcoin dumped to $16k last year you didn't call 2022 a dumping year, but this year bitcoin have increased from $16k to $28k+ current price, but you are calling this year a dumping year, or do you think bitcoin is going to pump back to the previous all time high over night? when bitcoin was dumping it was doing that gradually, and if bitcoin will be pumping back, then it will be going back gradually, you don't just expect miracle to happen overnight.

From the current bitcoin movement i believe everything is alright and this is another opportunity for everyone to accumulate more bitcoin, if you think satoshi have been arrested by America government and he has been asked to stop bitcoin, then don't invest in bitcoin.

I think bear market is so far. Bull market started i believe. Today Bitcoin price increased near about 10%. What a great movement. I think there has some good news for this pump. China and Alibaba contribute for this good news. Overall i think no dump are coming in this year. Now time for bull market. So i think who are already bought bitcoin in deep they are lucky.

Last week bitcoin price was near about $25k and last 24 hours bitcoin price increased near about 10%. Now Bitcoin price is $29850. iIt is only away $150 to touch $30k. Overall i think there has no chance for dump. Bull market started i believe.

Satoshi's identity remains unknown, and Satoshi can't control the price of Bitcoin. The price hasn't been great lately (aside from the last several days). Nobody knows how it will go from where, and whether the price will go down, remain the same or go up in the near future. But despite the increase, the price is still 56% below the All-time high, which means (assuming one believes in full recovery of the price, which is also not guaranteed) it's pretty good.
If the distance between the bull markets of the past is any indication (which it might not be, and there's too little evidence for it to be a strong argument), it's totally realistic that we'll have another bear year.

It was a wild thinking, to say that Satosi had been captured. I think that is impossible, even if it is true the news that will talk about it will come exploding.
Price volatility on the market is a natural thing, then indeed the drastic decline is already a schedule in the Bitcoin cycle which is called the bearish phase and we have experienced it from the previous cycles have also provided evidence that the drastic decline will always be present in the 4 year cycle Bitcoin, are you a person who can't read history?
Regarding the purchasing strategy, why someone always suggested to use the DCA strategy, because with that we can take Bitcoin slowly and can also get the lowest price if it decreases, it is much better than just silent and save money to Shitcoin, who knows that day Tomorrow Bitcoin runs more dominant and you become a late person to enter the market.

Why can you say that this year many are throwing Bitcoin or become a Bitcoin disposal site? If that's what you believe, isn't it better to implement a purchase strategy when many people throw their bitcoin? We can get more amounts because the price is cheap.

Some got tired of waiting for the bull season and so they decide to upload their Bitcoins. We can't push them either to hold, not anymore because people are weak and wanted instant. Soon they will regret and blame themselves while patient investors got the moment of selling their coins at the ATH. Of course, we can't expect everyone would hold and extend their patience, many will give up and quit.

Well, that is the reality of the crypto market, dumps, and pumps certainly happen due to the unpredictable mindset of the investors.
Might this year isn't really a good year for crypto but I don't also think that this year is the worst year ever.

Decrease and increase in the price of Bitcoin based on supply and demand that occurs in the market. When the two are unbalanced or heavy on one side Bitcoin will be corrected if more are wasting than buying, and vice versa.
bulls or bears never escape the situation that occurs in the market, it has nothing to do with catching Satoshi if he is really caught. Who can stop or control the Bitcoin network which is decentralized in nature, try to collect Bitcoins if you believe in the long term potential.

You can explain in a simpler way, it's like; Bitcoin price volatility is affected by supply and demand. The higher the demand for bitcoins, the more expensive they are, and vice versa.


The bitcoin network is not controlled by anyone be it government or otherwise, but the strength of the network could become weaker if large miners cannot survive in the industry after the half of 2024 or the next half. This could have happened if the price of bitcoin did not get more expensive every halving, meaning that miners could not cover the expensive operational costs because the reward was reduced.

I don't expect it to happen overnight, but it's a possible risk to consider if you want to become a long-term holder, say in the next 10 to 20 years. If the price of bitcoin couldn't cover the operational costs of the big miners, then surely the network wouldn't be as strong as it is today.

What is actually happening in the market is not due to Satoshi. He has no authority over Bitcoin. To be honest, no one can dump Bitcoin when they are going to sell their assets because there's so much investors in Bitcoin, but the effects of massive selling can seriously affect all the other investors' minds; some are panicking, therefore they are also selling, resulting in a massive dump in the market. Fortunately, many people are eager to buy when the price falls so that the price does not fall drastically. They have an opportunity to purchase because the price is reduced.

I am sure your opinion on the condition of bitcoin in this year is changed by now and that will go a long way because at the moment, the price of bitcoin is already crossing the 30k margin, and at that it is a pointer that this year has not been entirely a dumping ground for bitcoin because bitcoin has been able to recover a multiple time before now.
And even up till now, we can see that Bitcoin is recovering strongly from its recent price dump.

Every down trend has a reason and we need to know that reason in order for us to decide whether we are going to buy more,look at the price of btc today it is almost reaching 30k$ from the dip, we need to also know what is the reason behind this rising of price in order for us to decide to buy or sell,all I can say is that don't sell at loss to avoid loss because this is crypto nothing is stable.

We've recovered already, the bottom price last year is $15,500. Now we are in the $30k'ish so it's almost double already the lowest low for this year. Not sure though if the OP has changed his mind and most likely this is what he has notice early though, and we can't blame him for that because after all we don't know where the price is going to be.

Technically we are still in the bear market that's why last year was worst for us. But despite all of that, the market remains very positive as we have bounce back and now it looks like we are going to attempt to at least break our highs for his year. So the magic number is $32k and up, till the end of 2023.

Today the price of bitcoin can reach $ 30k again, this makes me optimistic that a bull run will occur soon, especially in 2024 there will be a halving day which will increase demand in the market so that it will be easy for a bull run, let's keep buying and don't regret it when the price is high.

Any person who truly believes in Bitcoin would vehemently disagree with this counsel. Do you understand why? Every time the price of bitcoin drops, it presents a chance to buy more bitcoin. Why would they pass up the chance to not invest when they could profit greatly from doing so during a bull market? When investing in bitcoin, it is better to accept some risks than to not invest at all and hope for a financial breakthrough.

Do not assume that the price of bitcoin will remain low for very long or that it won't soon skyrocket. According to the historical bitcoin price chart, bitcoin will undoubtedly rise in value over time, regardless of the price it currently trades at. Therefore, if you notice a price decline, have patience. At this time, the price of one bitcoin is $30,000. So nothing to worry about because the price can pick up at any moment 

People should be seeing this rather than on freaking out themselves with these kind of negative sentiments on which the market cant really be just having a single path to take but rather having that both dumping and pumping on which on the time that it would really be making out some decrease then it would really be just that right that this is the best time to buy more when its decreasing and selling out when its on peak, unless if you are really that going for long term t hen you wouldnt really be minding anything of this.

Every year then it could really be considered out to be having kind of negative news on which it would really be just that normal that we do really have this kind of phase which making prices going down to rock bottom and feels like  that this market is likely over. For those who had been on this market for how many years or simply with those cycles then we arent really that get easily that getting that too emotional
on these times as we are able to experience these things lots in the past. Its not something new.

I'm not sure which price monitor have you been watching lately. This post was made on the 16th where bitcoin was roaming around $25k despite the fact that SEC are trying to drag bitcoin down by simultaneously suing coinbase and binance. Many people have been worried about since it may impact bitcoin's price as the SEC were even planning to freeze the assets on binance, but still bitcoin holds it's ground.

And is just so wrong to just watch if let's say bitcoin will have a sharp correction. I mean that's an opportunity right there, right in front of you and you do nothing but just watch it? Man, that's an opportunity to buy more fractions, don't reduce your buying opportunity - maximize it!

When you say this year is the dumping of Bitcoin, then that's not entirely true.
The year 2023 is close to the Halving which will occur in May 2024. this year is the last chance to be able to buy Bitcoin at a low price.

Bitcoin prices continue to fluctuate because many enter and exit the market.
Moreover, there are several FUDs that do put pressure on the price of Bitcoin but the FUD has subsided and now Bitcoin has reached the price of $30k again.

We just need to wait until Bitcoin finds the right footing to start a Bull Run.
Although there will be some corrections, it's best to start buying now. We are close to the Halving and of course, everyone knows what will happen.

To avoid some of the risks of too deep a correction, do some good management.

Those who do nothing when the correction is sharp, they have a panic that it will continue to go down.
They were expecting a low price, but when the price came they didn't buy it.

But when FOMO comes all scramble to buy it.
opportunities will not come quickly, must take advantage of the opportunity before it is missed.

some people are affected by some fud surrounding this market. but wondering where are those people who were saying to themselves that if btc goes down, they will buy more as they missed the time when btc was still not popular in the market.
and this time, it is proven again that even if there was bad news like SEC chasing after binance and coinbase, BTC can still increase its price despite the bottleneck it is facing with.

maybe it was time people started seriously considering the possibility of him being dead, when a person disappears for a long time is always a bad sign. about the drop in the price of bitcoin, I believe that this is something normal at this time when the world is plunged into a financial crisis, there was covid that slowed down economic growth and then there is this war that is also creating a financial crisis, so it is something normal to see the price of bitcoin drops, but we also cannot forget that in the cryptocurrency market we had some big disasters from some companies

these companies made many people lose a lot of money in this market, this affected people's confidence in this market, so even if you can't expect a big recovery so soon, the price has already managed to recover from 15000$ to 30,000$, and now it's just behaving normally. it's up to people to buy and have patience, since years ago this cryptocurrency market has proved to be the kind of market that only profits only people who can buy and do hodl for many years, when people don't have much patience they can't make profits in this market, and leave with losses

Bitcoin price is starting to rise. I think if it goes up like this, Bitcoin price will be in a good position. Now that the price of Bitcoin has started to rise, it's a very happy time for those who bought and held Bitcoin. Because the Bitcoin market is very good. Hopefully in the next year.  The price of bitcoin will go to a good position. It will not be good for bitcoin now because now the price of bitcoin has increased. We have to buy and hold when the price of bitcoin is dump.

Today Bitcoin can return to $ 30k after about 10 hours ago $ 29k, of course this is a good sign to make us optimistic and hold longer, for me long term hold  is the best option because I am optimistic that the end of this year can reach at least $ 50k Because of Halving Day preparation.

If you say you are a long term investor, why would you bother with bitcoin going from $29k to $30k? It's really not that noticeable because bitcoin never stands still, and it's normal for it to fluctuate 1 or 2%. And that is not proof that bitcoin will continue to rise in the near term. If you regularly look at the bitcoin chart in recent days, you can see that, after bitcoin surged to $30.8k, bitcoin has ranged from $29k to $30k since yesterday hitherto.

Bitcoin is finally back at $31k after getting a pump and it's off to a great start at the end of the month. Hopefully, more big pumps will come again soon so we can celebrate a bit and the price will continue to climb even higher.

I agree long term hold is the best option for now but we also understand that buying more Bitcoins is also the best, so we will have lots of Bitcoins later. Who knows, in the next month, the price could easily reach $40k so it will be close to its last ATH and at the end of the year, maybe Bitcoin price will return to its last ATH. And once that happens, Bitcoin can just start rising and get a long rally to break through its new ATH.

That's why we should be able to buy Bitcoin at its low price now. And I think the current price is still worth buying before the price reaches the next high.

You're right, at the end bitcoin price hit $31k again after dropping below $25k since its price correction from April to June, this is very exciting indeed. Hoping for higher prices on a trend like this is quite possible, but I'm just considering something reasonable.


I think bitcoin has the potential to break $40k in July if the current price recovery trend continues into the next month.
It is even possible that we will get bitcoin price to close above $35k by the end of June which will encourage more optimism about price growth in July. However, a price correction is still possible and traders still need to weigh the risks.

A little change won't matter as a long term investor because what they think is when the price goes from $30K to $50K then it's a significant change so it can change your portfolio to increase bigger after seeing that increase, but now there are still many speculating after breaking $31K resistance then it's possible that the price will rise and continue on the next resistance but I speculate that this increase is a bit of a recovery from before and once June is past we will have to look for movement in July with how bitcoin reacts in the market.

The Americans can't catch Satoshi, he or they knows this that's why they made their disappearance very coordinated that it'll be very hard to trace who they are or where they're hiding. The industry reliys mainly on the anonymous nature of the founder of the cryptocurency Bitcoin.

If the government ever catch Satoshi, they'll use him to manipulate the market and possibly crash it but that's never happening so that's not the reason behind the dumping of the market besides this year hasn't been very bearish when compared to how bad the market was last year.

The market has recovered so well this year touching $30,000 twice. The little corrections we're experiencing are normal in the market. There are so much news that can affect the price of Bitcoin but whenever the news isn't disruptive to Bitcoin, Bitcoin will bounce back higher.

I think what's important is that we are seeing our portfolio growing because the price suddenly went up to $30k++ in the last 3 days and everyone is speculating that maybe at the end of the year $40k-$50k might be reached.

Of course, majority of us here has learn a lot of lessons from the past, that is not to sell your bitcoin to institutions like BlackRock who are buying almost all bitcoin right now. So for retail like us, it's better to just simply accumulate and then be a long term investors or at least see how your portfolio will be in the next bull run and sell if you want to take profits.

After yesterday's gains, today we see Bitcoin price dropping again and reaching $30,700, another good opportunity for us. That's why we must use it to buy again before the price increases to $ 31k.

In the next month, there could be a rather big movement for Bitcoin or the price will still be like this. So if we are still allowed to buy Bitcoin, we should be able to buy according to the budget we have prepared.

Do not immediately buy using the all-in method in anticipation of another price drop. If we can manage the money to buy Bitcoin, we can buy at many low prices.

I think there are many traders that will probably refuse to buy at the current levels, after all it was not long ago that the price was close to 25k and those traders are not going to want to pay more than 20% more for bitcoin just a week later, so it is possible the resistance at the current level could last longer than expected, as we will need for some time before those traders forget about this and finally decide that the current level is a good enough entry point.

Bitcoin can get above $ 30k which is good news, yes we know that Bitcoin has dumped from $ 64k to $ 16k in the last year,
but Bitcoin is able to answer that Bitcoin recovery is fast and has headed to $ 31k yesterday,
so there could be great potential to pump again.

That's why these whales and big bosses who have the ability and finances enter the market at the right time and accumulate their holdings. Actually who wants BTC Price to be low?? Not us, but those who have more funds to add to their BTC coffers so that they are full. meaning they know BTC will be worth more than gold. because BTC is Digital Gold. The proof is that if BTC has exceeded 50K, all the news about crypto, especially BTC, will be positive. ;D ;D

It's because last year was the first year for us in a bear market, that's why it is expected that we will see a huge downfall, it's just a matter on what will be the bottom price for us. I know that it's hard to think about that. But how time flies, we are like just 300 days away from halving, the catalyst for the bull run. And so next year it will be entering a different phase.


It just shows how resilient Bitcoin is, even at worst time, you can always think that it will recover. And that's what has been happening since the beginning of the year. A slow phase and it took us months after months from the lowest low to $31k again.

In my opinion, determining whether to hold or sell Bitcoin is entirely up to our individual investment strategy. However, it is important to remember that investment decisions should be based on thorough research, a good understanding of the crypto market and personal financial discretion. Always wise in managing risks before making investment decisions.

Strategy is a determination in making investments that can generate profits, if the strategy we use is right on target then we will automatically get a profit that is in accordance with the investment capital. Holding Bitcoin must also be distinguished because it is long-term, some people only hold bitcoin until the bear market and when the bull market sells to get the desired profit, whether it's a small profit or a big profit adjusted to the amount of investment.

All decisions must be based on research and that is why knowledge is very important, when the amount of investment we make is still small, we must try to get profits in the short term. So that with these profits we can add investment in bitcoin consistently to be bigger. The method can be done according to the strategy applied, for example, such as selling every time a profit and buying after a decline.

That isn't going to happen, people can see how stable the market has become after the recent growth, and they have also seen what happened last time when the market was stable the same way at the same place, so most investors will obviously wait to see some movement at this point, whether positive or negative because that will at least indicate where the market might go from here as there is a lot of confusion at the moment.

Short-term traders who might have bought at around $25k must be selling their coins to take a profit because they know that if they keep holding, the market might deceive them and drop again and there won't be any point of buying low when you can't sell high and the price gets back to low again.

You are obviously brand new to the market, which is why you are calling the current price a dumping ground (still +xxxx℅+ in the last 5 years).

America catching satoshi and "warning" him about the bitcoin price has got to be the most laughable part of the post. Paired with the continued incline that ensued very shortly after your post.

At least, when newbs post things like this, we know that good things are ahead....which is a shame as I was hoping for another buying opportunity :P

I'm not sure how you can really make this statement based on % increase. Bitcoin has increased almost 100% from the lows to the recent highs. Obviously if we consider the recovery so far from the correction from $69K to $15.5K it remains minimal, as price hasn't even recovered half of those losses yet, but otherwise this should be taken as a signal that the recovery can continue much further than it currently has.

Even with the current economic environment the stock market has overall recovered most of it's 2022 losses, so if Bitcoin were to do the same, price would be around $40K to $50K which isn't out of the question. I also think it's much less to do with how much price has increased compared to other markets, which is considerably more due to it's higher volatility, but how much it has recovered in % terms from ATH.

Current year is not a dumping ground as it is much better than previous year. at start of this year people get huge profit which is not because or dumping but it was because of pumping. If little decrease occurs it does not mean that now this overall year will be in dumping position but volatility is the nature of crypto market.

Actually demands effects the price of bitcoin it means that if more people sell bitcoin then price will reduces and on the other hand when price increases it means that the number of buyer increases. News also put effects on bitcoin price whether its in positive direction or negative direction depending on good or bad news.

From the initial bitcoin price has not be stable or have a record of continuous acceleration in price,  it always fluctuating in price and that makes some of the investors to portray that we should invest what we can afford to lose, so therefore the dumping in price of bitcoin is not a new thing we can say its a new thing, when bitcoin falls in price theirs every tendency that the price of bitcoin will get accelerated, so therefore I believe that bitcoin is a technology that deals with what we can label as rising and falling market, when some of the investors is opportune is when they market profits in cryptocurrency investment and especially when their investment happened to be long term investment 

You are wrong in this assumption that bitcoin has not performed positively this year, I don't think you are close to reality with such a statement because right from the beginning of this year 2023, bitcoin has performed tremendously by recovering from its last year's low price to a new price benchmarks that make it clear that bitcoin is indeed a profiting asset for long term investment and if one has really taken the time to check the current BTC price which is above 30k at the current market value it shows further that this statement is wrong.


I will possibly buy more bitcoin if the price ever touched the 20k discounted price again because going by the current bitcoin market condition we may see more uptrend benchmarks.

The bitcoin price is always fluctuating so people need to consider the “only invest what you can afford to lose” advice. That advice is quite sage given the high volatility of crypto trading, but for anyone who is able to understand how the crypto market works over the long term, then they are a winner. There are many long term holders who get returns many times their invested capital, it is very tempting but of course they are quite capable of surviving ups and downs.

Maybe we are easy to say but not easy to practice. Risks always haunt but at least they have to be experienced enough to adjust. I've set myself up to be a long-term holder instead of taking short-term profits, but of course I've adjusted this investment budget within an amount I can afford to lose.

When I was new to crypto investing, this was the method I usually followed. The saying "invest as much as you can afford to lose" gets forgotten after a while. Someone who trusts Bitcoin and says they won't use their own money for a long time will invest more than they can afford to lose. Someone who starts investing regularly will also invest more than they can afford to lose. This is usually the case. Because when they buy small amounts of crypto, they don't care much about the money, but these small amounts grow over time.

I don't completely agree that 2023 is a year of price dump, but you should expect price recovery. Of course there is a possibility of a price correction, but it won't be as bad as in 2022. I am optimistic that the bitcoin price will not drop lower than $20k again over the next 6 months, even if that correction does occur then IMO the price should still be above $20k.

You forget to mention that constant accumulation is what amount to huge starched in the long run,  this is because buying little by little makes investors to accumulate more bitcoin even more than they afford to lose on the loan run,  but if you check closely you will know that the process of accumulations may take time and the amount at the certain time may be what the investor can actually afford to Lose.

Everyone is entitled to their opinion but when it comes to action, it will depend on yourself here.
So no matter what you will read about this market, dumping or not, it is still on your prerogative if you will invest or not.
This is where most crypto users differentiate from one another, how they are strategizing to take advantage of this opportunity.
Either, you won't do anything or you will start collecting some for yourself. Later on, you will thank yourself if you follow your instincts.

Very often that advice is ignored because as we know the main goal of most traders is to obtain profits, and the bigger your capital the bigger your potential profits can be, so instead of just investing what they can afford to lose those people prefer to take their chances and boost their profits, not realizing that they could be boosting their losses instead, while at the same time the more money they put in this market the harder it will be to control their emotions and the easier it could be for them to make a mistake.

Hey Greg, I hope if you are reading this your opinion has changed. Well, here is some few updates with bitcoin in case you may have missed it.
- Bitcoin has gone up to $30k from the time you wrote this about 2 weeks ago.
- Institutions are pushing the price up. And you know what it is giving public confidence in bitcoin which would lead to high adoption. We are still going to see the price go above $30k
- Some top asset management institutions are grouping up to start their own exchange.

I bet you didn't see it coming. Bitcoin is a surprise that cannot be predicted. And it is just to early in the year to jump into pessimist conclusions about bitcoin.

The Bitcoin market has moved to a better position this year. Those who invested when the Bitcoin market was dumping last year have now managed to make a good profit. If you kept buying bitcoins when the price of bitcoins fell, you would have profited. However, the price of everything, including the Bitcoin market, is higher than before. The market is rebounding again suggesting that Bitcoin price will set a new record next year. So you can invest it when the Bitcoin market drops if you want. Of course you need to have a good strategy about the market and invest later to be successful.

I think there is no disposal for Bitcoin. In the crypto market, there are always sellers and buyers of bitcoin and that is a natural thing. If you look at the condition of the bitcoin market recently, it seems you are wrong to say that there has been a disposal of bitcoins. Where the price of bitcoin is currently increasing again and trading in the range of $30k-$31k.

Now the price of Bitcoin even looks more stable at a price of $ 30K+ and it proves that Bitcoin is not just thrown into the market by many people. Because with the stability of the price as seen now in the market, it proves that currently there are still very many people who want to buy and store Bitcoin safely without thinking about throwing it away carelessly. And I believe the $31K level will be crossed again by Bitcoin if there is no deeper drop this month.

  OP comment was in a time where Bitcoin was low and dumping and hence is no longer relevant. At present bitcoin is recovering from it's downtrend and we are seeing more demand than supply, so we can assume that the bear trend is stopping and a reversal is occurring. Still these are cycles and the comments here should be an indication as to how the common people respond to bear markets.

For now just keep buying and forget about what the OP said. In fact forget about anything that anybody says and only treat the prices as numbers.

Precisely this year the movement of the Bitcoin price is quite positive and do you continue to want that the price of Bitcoin continues to increase, the movement of the crypto market is not like that friends, we have to be realistic and if you follow the price of Bitcoin from the past then you don't need to worry about anything, now buy Bitcoin at the price low and trust me Bitcoin will always recover from its last high.

I wouldn't say it's "irrelevant", I think it is as relevant as it gets, why? Because we are talking about something that would make a lot more sense over course of some period and how would you make profit with it? The best thing to do in this case would be making sure that people who has seen a little bit of drop reacted the way OP reacted and that's a terrible thing, and that means we are going to see a little bit of drop here and there in the future and people may react like OP again as well.

We need to ignore them and try to make sure that we are doing the best we could possibly do. I am not saying that we are not going to make any profit at all, all I am saying is that it's going to be a tough situation and it should be very careful situation.

Today bitcoin is rising again and makes me even more optimistic that this year the price will easily reach $ 50k, there is still about 5 months left to be able to see the price of $ 50k, I'm sure the conflict between CZ vs SEC will not have a big impact because CZ's reputation in the market is very strong and if it later loses in court there will be no market shocks because all Binance operations will be normal.

Of course @Mario Yamasaki , the price will go up step by step and if we look at market developments even though there are events or incidents that are very closely related to market price movements for example as you mentioned they are just small ripples on BTC's journey to price recovery and what is certain is several huge demand for BTC in the time frame you mentioned and selling pressure is reduced. I think that's the main factor. Yes / BTC is now priced at $ 31,315 it takes another $ 18,685 to $ 50K and if we divide it for 5 months as you estimate per month it should be able to reach $ 3,737. Now. The question is whether this progress will be achieved without more obstacles and obstacles??

Yes, don't worry about the CZ vs SEC though, it seems that this issues have been forgotten, or least taken a back sit because the price seems to be rallying to $31k-$32k.

As for CZ, his Binance is still standing so his reputation is not hit, on the contrary if he can prove that SEC is wrong then it will be huge for him and BNB. Just like what happen to Ripple right now, they have defeated SEC and the judges favors them. Go check out how big Ripple right now, it just overtake BNB as the top 4 crypto in the market.

I don't know where some people got their own research from in saying that this year will be a dumping ground for bitcoin after considering that bitcoin has always been bearish althrough the Q1 of this year, it is also very important that we know that bitcoin is a volatile cryptocurrency and can change at any point in time base on the signals received from its market demand and supply, Binance case with SEC is no more a thing of concern because they will always finds a means to settle themselves and either of their decisions had nothing to influence the bitcoin market price to dump or pumped even if the worse happened that Binance US closed down, they still have Binance global.

Big shocks probably won't be there for Bitcoin, but it won't necessarily be the same for Binance. Because CZ is just facing a problem that might not be much different from the problem that has arisen at XRP. And now everyone can also see how XRP increased in price and grew after they won in court, so I think it only affects the target audience, not for the market and Bitcoin because market conditions and Bitcoin are not defined by their problems (XRP and Binance ). However, market conditions and Bitcoin are always determined by the level of purchasing power that continues to grow over time.

I don't understand what this guy is talking about. From the date this post was created, bitcoin went on to grow more than 20% of its price. And if we talk about this year's bitcoin price performance, we are nearly 200% up already. So it doesn't make any sense that this year is totally a dumping ground. I even believe that bitcoin price will reach between $35k to $40k at its highest this year. Generally, bitcoin price movement this year is the opposite of last year's movement.

Maybe OP is expecting bitcoin to only increase in price with no corrections along the way? Or bitcoin will return to its ATH this year? I observed that it is always the inexperienced newbies that are getting desperate and disappointed every time bitcoin hits a correction.   

Even if you say bitcoin won't have much impact from the Binance and XRP cases, basically such cases will affect the market. Bitcoin could be affected if Binance goes down, it's because Binance is an exchange that has had a huge impact on the growth of crypto users over the years. I can't imagine how low the bitcoin price will be if Binance fails and is closed, surely the bitcoin price will be dumped badly.

Today bitcoin is still too easy to lose its value, even after the day before it managed to reach $ 31,800. As I write, the price of bitcoin has fallen by more than $1600 over the previous day even as some altcoins have skyrocketed.

Even if bitcoin is unique and irreplaceable it is not as if it trades alone and it does not receive any influence from other coins and assets, binance to this day is still the most influential exchange we have on this market and when we add the coins it has released this makes it even more influential, so if binance were to disappear then we can be sure the price of bitcoin will drop the moment this news was made public, however such crash is a temporary occurrence and if possible we will need to take advantage of it as the price will eventually recover.

Many predictions that this year will dumping again, but in my opinion the market will rise and be proven since March the price continues to survive at the level of $ 30k, although many are worried about the global economic conditions that will make prices decrease but in my opinion, the market will continue to rise.

There are many reasons which affect the price of Bitcoin. If a negative news regarding any exchange or big companies associated with Bitcoins comes in public, then people just panic and sell their Bitcoins. As there is more number of sell orders then buy orders for Bitcoins, this makes the price fall more. This signifies that when the demand is low, the price also goes down. This is one of the main reason for which we see drastic change in the price of the coin.

Global economic conditions will not be bad forever, and neither will crypto market conditions. Especially now that everyone has seen how the conditions have been for the crypto market so that it can be said that the current situation has started to improve and also has the potential to continue to get more optimal improvements this year. I'm still pretty confident that Bitcoin's price reading this year will pass $35K as the resistance near $30K is still very strong right now.

Things have improved dramatically if we compare to what happened in 2022. Although there is still a possibility of the market being dumped, with the economic situation gradually stabilizing and no major incidents occurring in the market, the case of dumping is quite low.

Bitcoin price prediction for this year, $35k target is really not that hard to achieve as we are very close to it. We have maintained well above $30k, and I also believe $35k is possible. But what I am thinking is will bitcoin continue to rise when it hits $35k, or will it correct again? We are still over 270 days away from the halving, too far to expect a real bull season.

The cryptocurrency market is very manipulative so indeed some news can pump up or dump the price. For example recently sec dumped the price of some pos-coins, having claims that these coins can be securities. After that almost all altcoins dropped a lot. And just the other day ripple did x2. It's a paradox.

When the demand is on the low side even a news which on the past would not have been considered big enough to move the market could do so, for this reason bear markets are so difficult to trade as not only the price is falling and trying to buy at the time is like catching a knife, now you have to worry about every little single thing and if a big negative news were to emerge at that point a trader may experiment some important losses.

I wouldn't say bitcoin is prone to manipulation, yeah there could be FUD being spread by some groups to really deter the market price. But at some point, investors are getting wiser not to listen to it. As compare to let's say the altcoin market, which I believed can easily be manipulated by the devs and then some pump and dump groups.

And that's why the price of bitcoin remains steady or at least we have a good support line at $30k'ish and we might not see a new bottom price this year. We have reach it when the price goes down hard to $15,500 because of the FTX collapse. So I'm not seeing any dumping, it might be a close increased in the price for this year, but I guess it's better that way instead of a downward trajectory.

We can feel the prediction that the market this year will weaken until now, since March or almost 5 months ago the price seems difficult to pass $ 30k, of course many think that the bull run is still far away so many are selling immediately due to many factors such as impatient wait.

But we have to look at it this way, we are still in the bear market, and the lowest low that we have is $15,500 last November. So it we have reach $30k-$31k, then we almost double it already.

So I disagree that we are dumping, on the contrary we have recovered in the first 6 months of this year. It might have slow down a bit because that is already a huge  recovery. And as you have said, we need more patience, block halving is next year, so we need to wait for it as it is the catalyst for the next bull run.

The price of Bitcoin is already in a good position for sure, the price was just around 29k$-31k$ I think it could easily hold off until the end of the year for sure because we already see the market price drop but it doesnt seems to drop on 28k$ it just continues to stay around 29k$ which is a good thing because we can notice that the price is holding off at that level, to be honest price could probably reach 40k$ at the end of the year if the price continues like this, In already has a lot of momentum unless something bad happened or bad news drops online I can't see the price dropping around 20k$-25k$ again.

I mean for me I was really hoping for the market price of Bitcoin to drop around 20k$-25k$ because it's a good opportunity for me to buy Bitcoin at a discount and that just means I could accumulate more volume of Bitcoin. If investors are selling their Bitcoin then it's a good time for us to be greedy and buy more Bitcoin also a good opportunity to make a profit in the coming bull run.

It's possible that Bitcoin won't go over 40,000 this year but that's normal, this is enough time for the adoption of Bitcoin, we still have few months ahead before the next Bitcoin halving so I like that Bitcoin is very cheap right now, it's a healthy growth that the chart needed before the halving become a success.

I also don't think that we can go lower below 20,000 again, it's better to miss a bull season of you are new in this space but its not going to be a happy one if you are here in the last bear market and you are still waiting for a new Bitcoin low Price this year, you will miss the opportunity and by the time 2024 is here you will regret your decision.

$15,000 have been the best value per BTC so far, If you haven't start accumulating Bitcoin since the beginning of this bear market already you only have couple months left before its already too late.

Today the market dropped again almost 2% and my hope to see the price back to $30k didn't happen, many analysts say that $30k is a solid wall or like a rock in the ocean that is difficult to break, but if the price can pass $30k then a surprise big thing will happen, and the market will be difficult to stop like what happened in 2021.